Uzbekistan currency crashes amid lifted foreign currency restrictions

Uzbekistan currency crashes amid lifted foreign currency restrictions

In efforts to entice international investors after 20 years of segregation, the Uzbekistan government has lifted many of the restrictions on foreign currency operations, which has not gone well for the economy so far. With the currency (the Uzbekistan som) value halving in less than a week following the lifted sanctions. President Shankat Mirzyoyei has ordered the national currency's rate with the dollar to be determined by the market, although the central bank will still play a role in safeguarding the country’s economic stability.


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